TelevisaUnivision will be led by CEO Wade Davis, the former Viacom CFO who led a group that bought Univision last year. Can you drill down and tell us what you see standing out in Univisions asset base? Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Send us a tip using our annonymous form. Get the latest news from Univision. USPAACC to Shine Spotlight on 'Unsung Heroes' of Supplier Diversity The US Pan Asian American Chamber of Commerce Education Foundation Continue reading News From Our Partners Earlier in his career, Davis spent nine years in M&A investment banking with ThinkEquity, Lazard, and Wasserstein Perella and led nearly $30B in total transactions, primarily in the tech, education and media sectors. Vince Sadusky, Univision CEO, spoke of a re-energized and refocused company and said today marks the start of an exciting new chapter with partners that recognize the excellent position Univision is in.. The latest from the Univision Sports team. Financial terms of the of the transaction were not disclosed. It's a done deal. The context, insight and strategic content that Televisa brings to Univision have been key to the companys success., He said he has worked with Searchlight as a limited partner, board member and friend since the team founded the firm. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Im so proud of everything we have accomplished that has led us to this great outcome. PENELOPE THE PIG WAS THE CUTEST THING I HAD EVER SEEN. Theres no question that Univision has the scale it needs to have. Univision is currently controlled by a consortium of investment groups including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. December 29, 2020 12:29pm. NAB: 2022 Quadrennial Review A Rerun Of Unfinished 18, Dual Screen Ubiquity: A Tale Of Todays TV Viewer. By subscribing, I agree to the Terms of Use and Privacy Policy. Previously he was a Board Observer on the Board of Directors of Roku, the rotational Chairman of the Rhapsody/Napster Board and on the Board of Viacom18 India. By . Univision already has the fledgling Prende TV ad-supported streaming service which launched March 30 as a collection of 40 live streaming channels offering 10,000 hours of programming. . An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. Former Viacom Inc. CFO Wade Davis is finalizing a . What is Univision doing well now and what needs improvement? They lead not only in general, but in the categories I referenced: news, sports, music and entertainment. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable. Pierluigi Gazzolo, Luis Silberwasser, Donna Speciale take posts. Theyre the market leader for this audience. wade davis univision salary. All information these cookies collect is aggregated and therefore anonymous. In this role, he delivered total company growth across revenue, operating income, and earnings per share. So you take the Televisa strategic partnership, what the business is doing on their own in news, sports and tentpoles like the Latin Grammys, and starting to produce some of their own original content, and theres no question that this business has the scale thats necessary to continue to win. Musk Made a Mess at Twitter. Both Searchlight and Wade are wholly supportive of Univisions core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience. He played in their minor league system before making his MLB debut for the Rays in 2009 where he played through the 2012 season. Davis was part of a group of private-equity investors who agreed in February 2020 to buy a majority stake in Univision. Streamline RBR, Inc. All rights reserved. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the acquisition of giant . The national average salary for a Univision Holdings, Inc. employee in the United States is $65,488 per year. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the leading Hispanic media company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms. Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio. Tambin hoy se oficializ otra de las noticias que te dimos en su momentos, Wade Davis, director general y fundador de ForgeLight, asumi el rol de director general de Univision (CEO), a partir . PACIFIC GROVE, Calif., February 18, 2023--On the evening of February 13th, California American Water activated two new pump stations as part of our efforts to reduce reliance on the Carmel River. Are you disclosing what your consortium paid for the majority stake in Univision? It takes less than ten minutes to set up your company page. There was a problem. A lot of times when people talk about in the media industry whether they have enough scale, its really around their ability to drive enough content spend. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Wade Davis Shakes Up Univisions C-Suite In A Major Way, Sign up for our newsletters for the rest of the headlines, A Digital Sales Training Library Arrives, CP Communications Helps Accelerate Remote Production for Trans Am Series, A Wall Street Slide For iHeartMedia Shares, NAB Signs On To D.C. Plea To Stop FTC Planned Noncompete Ban, The First Certified ATSC 3.0 Upgrade Accessory Receiver Is Here, RBR+TVBR Observation: Why Local Media Wins. Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. A free inside look at Univision salary trends based on 1169 salaries wages for 507 jobs at Univision. With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. Subscribe for full access to The Hollywood Reporter. Get the latest news, stats, videos, highlights and more about relief pitcher Wade Davis on ESPN. This was actually a purchase and a sale of specific shares that specific shareholders have. VP, Global Broadcast Operations of TelevisaUnivision, Inc. VP of TelevisaUnivision Mexico Networks Programming, Marketing & Research. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Davis on Tuesday discussed driving towards the streaming space with Univision, closing distribution deals and content spending. When you look at what the current management team has been able to accomplish in the last 18 months, its quite remarkable, the exec said as he then looked beyond when the transaction is completed later this year to his strategic vision for the Miami-based Spanish-language media outlet. NEW YORK With the transition in power from Vince Sadusky to Wade Davis at Univision Communications in January 2021, a veteran sales . Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the largest Spanish-language content company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and . They have no renewals for multiple years going forward. Amy Tenbring and Glenn Dryfoos were promoted to co-interim general counsel at Unvision; Jessica Rodriguez will continue as CMO and Friday Abernethy was promoted to executive VP of content distribution and partnerships. And to the extent we can talk about the strategy publicly, that something thats going to happen in due time. Wade Davis is Chief Executive Officer and one of the owners of Univision Communications Inc. As the leading Hispanic media company in the U.S., Univision is guided by its long-standing mission to entertain, inform and empower U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms. -. NY 10036. A look at the injuries for Wade Davis, and the financial implications. Explorer-in-Residence at the National Geographic Society from 2000 to 2013, he is currently Professor of Anthropology and the BC Leadership Chair in Cultures and Ecosystems at Risk at . All Rights Reserved. Univisions former chief legal and corporate affairs officer Jonathan Schwartz, president of distribution Henry Ahn, and president of ad sales and marketing Steve Mandala are leaving the company. EVP, Chief Financial Officer of TelevisaUnivision, Inc. President of TelevisaUnivision US Local Media, General Director, Mexico Government Relations, VP of TelevisaUnivision Mexico Growth Officer. Sign up below. Are there any content distribution deals up for renewal on the immediate horizon? 2023 Deadline Hollywood, LLC. Submit. Univision reportedly "nearing a sale" to investment group involving former Viacom EVP Wade Davis, at a much lower price than 2007 Univision changed hands for $13.7 billion in 2007, but seems . 2021-2021 Free Agent Adam Jacobson. Today begins a transformation for Univision. Already Subscribed? 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They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Wade Davis's net worth is $0. They help us to know which pages are the most and least popular and see how visitors move around the site. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. Davis achieved these results by creating several strategic operational improvements, implementing an organizational redesign, leading cost transformation initiatives, and directing the operational oversight of key growth segments. If you do not allow these cookies, you will experience less targeted advertising. By Jill Goldsmith. As such, Searchlight, a private investment firm founded by CEO Wade Davis, and associated entity, ForgeLight an operating and investment company focused on the media and consumer technology sectors are now the holders of shares in Univision previously held byMadison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners,andSaban Capital Group. Happy to announce that . This documentary-style series follows investigative journalists as they uncover the truth. Wade Alan Davis II (born July 28, 1977) is an American speaker, activist, writer, educator and former American football player.. Born in Little Rock, Arkansas, Davis grew up in Shreveport, Louisiana and Aurora, Colorado.He played college football at Mesa State and Weber State.In 2000, Davis signed with the Tennessee Titans of the NFL as an undrafted free agent but was cut after the preseason. Wade Davis Shakes Up Univision's C-Suite In A Major Way. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. 9.5. That creates an incredibly stable base from which to build and innovate on. . Televisa elects to maintain its existing ownership stake in support of new ownership group; Televisa's Program License Agreement with Univision remains unchanged. 2023 The Hollywood Reporter, LLC. Adam Jacobson . While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. TelevisaUnivision. All Rights Reserved |, Vince Sadusky, who led the company since mid-2018, Eli Velzquez tapped to lead Telemundo Deportes, Maclovio Perez joins KAVU as chief meteorologist, Lorena Incln returns to Miami as reporter for NBC6 and Telemundo51, Elizabeth Valds retires from Telemundo network, Linda Guerrero joins Americano Media as anchor. Theyve divested the English-language cable channels as theyve been sunset. Wade Davis' new investment fund just became part owner of Univision in a deal expected to close late summer with the . Thank you for signing up to Broadcasting & Cable. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years, Sadusky said. Davis has given $8,300 to Democrat politicians since 2007 and is a contributor to former South Bend mayor and Democratic presidential candidate Pete Buttigieg's campaign. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Each of these leaders understand the need to optimize Univisions core businesses to meet its audience where they are and evolve its content, platforms and products to reach the market in new ways, Davis said. Biography. This employer has claimed their Employer Profile and is engaged in the Glassdoor community.